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The company has issued a list of classified readers groups based on customers' online purchase behaviors. Readers groups contain titles such as elite moms, gourmets, queens, elderly youth, photographers and sophisticated uncles.

The company acquired two oil-producing blocks in Bohai Bay from the US oil and gas company Anadarko Petroleum Corp in 2014, helping increase its storage and production capacity.

The company has been operating in the red last year, and it had not ruled out paying its debts, back pay and taxes through bankruptcy, he added. Currently, new users do not need to pay any deposit.

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The company completed a financing round of over .5 billion at the end of April to support its global strategy and continued investments in artificial intelligence, according to the official website of Didi Chuxing.

The company has signed dozens of domestic and international deals in countries such as the Philippines, Egypt, Morocco and Cambodia to expand the market for SkyRail.

The company also aims to further enhance its global oil and gas resource allocation capacity, in a bid to increase its international trade to 550 million tons by 2020, through further exploration of its overseas upstream business, lowering crude purchase costs, increasing exports of refined oil products and diversifying purchases of liquefied natural gas, it said.

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The company has become the world's largest utility company and the second largest in the Fortune Global 500.

The commercial lender is also looking for new innovative businesses such as those involved in the government-backed high-end equipment manufacturing industry.

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The company has also become stricter about expense control and further improved its efficiency, with its headcount cut to around 7,000 from 100,000 in early 2019.

The company behind leading beauty brands from Sulwhasoo to Laneige is looking to incubate new products tailored to the Chinese market, facilitate online-to-offline sales, gain precise consumer insights and explore opportunities in overseas markets.